Director at LTC Properties (NYSE: LTC) receives 3,077 restricted shares in stock grant

Rhea-AI Filing Summary

LTC Properties Inc director Bradley J. Preber received a grant of 3,077 shares of common stock at $39.00 per share as a restricted stock award. These shares vest on the earlier of the one-year anniversary of the award date or the next annual stockholders’ meeting. After this grant, he directly holds 9,566 shares, which includes 185 shares acquired through the company’s dividend reinvestment plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Preber Bradley J

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,077	$39.00	$120K

Holdings After Transaction: Common Stock — 9,566 shares (Direct, null)

Footnotes (1)

1. Restricted stock grant. Shares vest upon the earlier to occur of (i) the one-year anniversary of the original date of award, and (ii) the date of the next annual meeting of stockholders. Includes 185 shares acquired under LTC Properties, Inc's dividend reinvestment plan.

Key Figures

Restricted stock grant: 3,077 shares Grant reference price: $39.00 per share Post-grant holdings: 9,566 shares +1 more

4 metrics

Restricted stock grant 3,077 shares Common Stock award on 2026-05-20

Grant reference price $39.00 per share Common Stock restricted award

Post-grant holdings 9,566 shares Total common shares directly held after grant

Dividend reinvestment shares 185 shares Included in direct holdings via dividend reinvestment plan

Key Terms

Restricted stock grant, dividend reinvestment plan, annual meeting of stockholders

3 terms

Restricted stock grant financial

"Restricted stock grant. Shares vest upon the earlier to occur of (i) the one-year anniversary..."

A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.

dividend reinvestment plan financial

"Includes 185 shares acquired under LTC Properties, Inc's dividend reinvestment plan."

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

annual meeting of stockholders financial

"the one-year anniversary of the original date of award, and (ii) the date of the next annual meeting of stockholders."

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Preber Bradley J

(Last) (First) (Middle)

3011 TOWNSGATE RD STE 220

(Street)

WESTLAKE VILLAGE CALIFORNIA 91361

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LTC PROPERTIES INC [ LTC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/20/2026		A(1)		3,077	A	$39	9,566(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted stock grant. Shares vest upon the earlier to occur of (i) the one-year anniversary of the original date of award, and (ii) the date of the next annual meeting of stockholders.

2. Includes 185 shares acquired under LTC Properties, Inc's dividend reinvestment plan.

	/s/ Bradley J. Preber	05/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did LTC (LTC) director Bradley J. Preber report on this Form 4?

Director Bradley J. Preber reported receiving 3,077 shares of LTC Properties common stock as a restricted stock grant at $39.00 per share, increasing his direct holdings to 9,566 shares, including 185 acquired through the company’s dividend reinvestment plan.

Is the LTC (LTC) transaction a market purchase or a stock grant?

The transaction is a stock grant, not an open-market purchase. Preber received 3,077 restricted shares as a compensation-related award, coded as a grant/award acquisition, rather than buying shares in the market at his own discretion.

When do Bradley J. Preber’s newly granted LTC (LTC) shares vest?

The 3,077 restricted shares vest at the earlier of two dates: the one-year anniversary of the original award date or the date of the next annual meeting of stockholders, aligning the vesting schedule with the company’s governance calendar.

How many LTC (LTC) shares does Bradley J. Preber own after this grant?

After the restricted stock award, Preber directly holds 9,566 LTC Properties common shares. This total includes 185 shares previously acquired through LTC Properties, Inc.’s dividend reinvestment plan, as disclosed in the Form 4 footnotes.

What does the Form 4 say about LTC (LTC) dividend reinvestment plan shares?

The Form 4 notes that Preber’s total 9,566 directly held shares include 185 shares acquired under LTC Properties, Inc.’s dividend reinvestment plan, indicating he participates in automatically reinvesting cash dividends into additional company shares.